CandleFocus Louisiana continues pro-crypto push with option to pay state agencies in Bitcoin, USDC
2024-09-19
Author: Content Editor
Louisiana is now offering residents the option to make payments to state agencies using Bitcoin and Circle's stablecoin USDC. The Louisiana Department of Wildlife and Fisheries is the first agency to accept these payments, with the potential for other departments to follow suit in the future. The payments will be converted into US dollars at the time of the transaction to protect the state from the volatility of crypto markets. The system will be supported by Bead Pay, and the state will not hold cryptocurrency directly. This development is part of Louisiana's commitment to embracing digital financial technologies while maintaining regulatory oversight.
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